NBC World Elite Mastercard

NBC World Elite Mastercard

The Best Credit Card in Canada for travel or purchase insurance (tripled extended warranty). Earn up to $250 in travel credit per calendar year and up to 2 points per dollar on your purchases, including at Costco.

Take advantage of this exceptional welcome offer of $300 cash back.

Value

$540

Welcome Bonus

$300 Cash Back Ends May 31, 2021

Best For

Annual Fee

$150


Our Review

At a glance

This credit card is the Best Credit Card in Canada for insurance.

For a limited time, you can earn a $300 cashback as a welcome bonus.

With this Card, you can earn up to 2 points per dollar on all your purchases.

You can then use your points in many ways:

  • Statement credit for travel purchases
  • Statement credit for all purchases
  • To get Gift Cards

This Credit Card is the only one in Canada to offer up to $250 in travel credit each calendar year:

  • $100 for airport parking
  • $100 for baggage fees
  • $50 for seat selection fees

Finally, you benefit from reliable insurance on your travel and purchases:

  • Up to 60 days of travel insurance coverage
  • Triple Extended Warranty on most purchases

$250 refund on travel expenses per year

Through NBC’s Wise Travellers Program, each calendar year, National Bank World Elite Mastercard cardholders have access to a total of $250 applicable on some travel expenses.

Expenses Credit
Airport parking $100
Baggage fees $100
Seat selection $50
$250 per calendar year

It’s a great perk for those who use an airport parking lot (note that Park and Fly also works). Best of all, the advantage is renewed each year on January 1st!

Access to the National Bank Lounge at Montreal-Trudeau (YUL)

National Bank World Elite Mastercard Credit cardholders are the only National Bank clients who now have free unlimited access to the National Bank Lounge at Montreal-Trudeau Airport.

salon bnc yul
Le salon Banque Nationale

The cardholder and 1 guest have complimentary access to the lounge upon presenting the National Bank’s World Elite Mastercard®.

This is a significant advantage for frequent flyers: the lounge is accessible for all international flights.

NBC À la carte Rewards

Earn NBC À la carte Rewards points

With this credit card, you can earn points based on your net spending over a 12-month period:

Expenses Points per dollar
$0 to $40,000 1.5 points
$40,001 – $80,000 2 points
$80,001 and more 1.5 points

NBC points earning is really interesting for the $40,001 – $80,000 range: you will earn 2 points per dollar (which can be worth up to 2% in travel rewards). In the other ranges, it is 1.5 points or a 1.5% return.

Accepted at Costco

And since it’s a Mastercard, this credit card is accepted at Costco! You will be able to earn between 1.5 and 2 points per dollar on your Card purchases!

The best use of NBC À la carte Rewards points

The best use of your NBC points earned with the National Bank World Elite Mastercard will be through the À la Carte Travel agency: 10,000 points per $100 when you redeem more than 50,000 points.

It’s the best use you can make of your NBC points!

How to redeem NBC points?

In order to redeem your NBC Rewards points, you have to go on the NBC À La Carte Travel website.

You will be able to book a trip with your points (+ additional cash if required) via the “Voyage à la carte” agency. The rates are the same as those you will find at any travel agency.

voyages bnc

It is also possible to redeem your NBC points as a statement credit for all travel expenses you have charged to your credit card (redemption must be made within 60 days after the expense was charged to your credit card).

Eligible purchases include: flights, vacation packages, car rentals, hotel accommodations, cruises, condominium or cottage reservations for tourism, excursions, camping…

However, for this type of redemption, the rate is different (see table below).

echange points bnc voyage

You will see in this table that the best use of NBC points is to book your trip through the online travel agency “Plan à la carte NBC”: from 50,000 points redeemed, you get $100 for 10,000 points. So 50,000 points = $500.

Reward Category Points required for a $100 credit
Gift-card 12 000 – 13 500
Flexible travel discounts 12 000
Flexible travel discounts
(from 55,000 points redeemed)
11 000
NBC À la carte travel agency redemptions 10 500
NBC À la carte travel agency redemptions
(from 50,000 points)
10 000
Extras À La Carte 12 000

Reliable travel insurance

With the National Bank’s World Elite Mastercard®, you get reliable travel insurance (you can find the insurance document there).

As you will see in details below, some travel insurance policies only require you to charge a portion of the cost of the trip to your credit card: this is useful for points and miles enthusiasts who only charge taxes or some additional fees to their credit card!

Travel Medical Insurance (outside province of residence)

The National Bank’s World Elite Mastercard offers different coverage for emergency travel medical insurance depending on:

  • the person’s age
  • the length of the trip
Age Maximum trip time frame
54 and under 60 days
55 to 64 31 days
65 to 74 15 days
75 years or older no coverage

Trip Cancellation / Trip Interruption Insurance

For most of its insurance, the National Bank’s World Elite Mastercard is one of Canada’s only credit cards to cover you even if you only charge a portion of the cost of the trip to it.

The following expenses will be reimbursed (…) provided that a portion or the entire cost of the trip was charged to the account

Banque Nationale du Canada
Insurance Coverage
Trip cancellation (before departure) up to $2,500 per insured person
Trip interruption (after departure) up to $5,000 per insured person

Insurance in case of theft or loss of luggage

The National Bank’s World Elite Mastercard® covers you if at least part of the trip’s cost has been charged to the account.

Insurance Coverage
Lost or Stolen Baggage Insurance up to $1,000 per person

Flight delay insurance

The National Bank’s World Elite Mastercard® covers you if at least part of the trip’s cost has been charged to the account.

Insurance Coverage
Flight delay of more than 4 hours $250 per day (maximum of $500 per insured person)

Insurance in case of baggage delay

The National Bank’s World Elite Mastercard covers you if the total travel cost on a common carrier has been charged to your account.

Insurance Coverage
Baggage insurance in case of delay up to $500 per person (more than 6 hours)

Car Rental Insurance

The National Bank’s World Elite Mastercard® covers you if you pay the full cost of your car rental with your credit card (or use your points from the NBC À La Carte Rewards program).

Similarly, personal belongings in the vehicle are protected.

Insurance Coverage
Vehicle rental (48 days or less) Vehicle valued at up to $65,000

Theft of personal belongings up to $2,000

Insurance for your purchases

The National Bank’s World Elite Mastercard® is one of Canada’s only credit cards to offer 180-day purchase protection (that’s 6 months from the date of purchase). Other credit cards offer only 90 days (3 months).

Besides, the National Bank’s World Elite Mastercard® is one of Canada’s only credit cards to triple the coverage period of new items covered by an original manufacturer’s warranty valid in Canada.

Insurance Coverage
Against theft or breakage for 180 days up to $60,000
Get up to triple the manufacturer’s warranty up to 2 additional years

Conclusion

It is a card that is clearly aimed at travellers, particularly from Quebec, because of the access to the National Bank Lounge at Montreal’s Pierre Elliott Trudeau International Airport (YUL).

Its Smart Travellers program allows you to get up to $250 per calendar year for some travel expenses, and its insurance is excellent. Its generous insurance is the best strength of this card versus the competition.

Offer

Offer
  • Earn a $300 cashback if you charge $4,000 to your Card in the first three months
  • Up to 2 points per dollar spent
  • Get a refund of up to $250 per year on seat selection, airport parking and baggage fees
  • Enjoy up to 60 days’ coverage with our travel, trip cancellation/interruption, baggage loss and car rental insurance
  • Trade you reward points without restrictions: gift cards, branded articles and travel rebates.
  • Experience the ultimate in comfort at the National Bank VIP Lounge at Montreal-Trudeau Airport

Fees & Conditions

Personal Income $80000
Household Income $150000
Annual Fee $150
First Additional Card $50
Other Additional Card $50
Foreign Transaction Fee 2.5%
Purchase Rates 20.99%
Cash Advance Rates 22.99%
Balance Transfer Rates 22.99%

Advantages

Offer ends on May 31, 2021
Welcome Bonus $300 Cash Back
Minimum Spending Required $4000
Minimum Spending Timeframe 90 day(s)
Rewards Type Travel points
Transfer Partners BNC Rewards
Loyalty Program BNC Rewards
All Spending 1.5
Online transactions 1.5
AIR MILES partners 1.5
Air Canada 1.5
Streaming services 1.5
Luggage Credit
Travel Credits
Costco
Lounge Annual Visits included 99

Value

Value

We estimate the value of the welcome offer during the first year for all the credit card offers. Are taken into consideration:

  • The value of cash back or points earned
  • The value of the benefits or credits earned with the Card
  • The annual fee value (offered or not)

 

Calculation of the offer value
in the first year
Value per point 0.9 ¢
Welcome bonus $300
Annual Travel Credit up to $250
Unlimited access to the National Bank Lounge (YUL)
(an estimated $35 value per access)
about $140
Annual fee $150
Value approximately $540

 

Insurance

Common Carrier Travel Accident Insurance
Flight Delay Insurance Amount $500
Delayed Baggage Amount $500
Lost/Stolen Baggage Insurance Amount $1000
Trip Cancellation Insurance Amount Per Person $2500
Travel medical insurance up to 64 years old - Amount $5000000
Travel medical insurance up to 64 years old - Duration 31 day(s)
Travel medical insurance 65+ - Amount $5000000
Travel medical insurance 65+ - Duration 15 day(s)
Auto Rental Loss/Insurance - Amount MSPP $65000
Purchase Protection
Purchase Protection - Duration 180 day(s)
Medical Travel Insurance
Extended Warranty
Extended Warranty - Duration 2 year(s)
Insurance Document Learn More
4.80 Milesopedia Rating